MR. JEFF RAGAN

January 01, 2008

PEOPLETEC HIRES EXECUTIVE VICE PRESIDENT, BUSINESS DEVELOPMENT

Mr. Jeff Ragan joined PeopleTec on December 17, 2007 as an Executive Vice President in charge of Business Development for the Corporation.

Prior to this Mr. Ragan was a Senior Vice President with Science Applications International Corporation (SAIC) following the acquisition of Quality Research (QR), an engineering and information technology company. At QR, he served as a Vice President of business development and later as a Senior VP for Information Technology. Mr. Ragan was instrumental in the growth of QR from near its inception to more than 650 employees.